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Samsung to Hire 40,000 in $205 Billion Three-Year Spree

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Lee wins freedom</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bbf4a2d7cda6e5681c7110e337d6f3d\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Employees walk in front of the Samsung Electronics Co. semiconductor manufacturing plant in Pyeongtaek, Gyeonggi Province, South Korea. Photographer: Jean Chung/Bloomberg</span></p>\n<p>Samsung Group&nbsp;has unveiled a 240 trillion won ($205 billion) expansion that will entail hiring 40,000 people over three years, a sprawling investment blueprint intended to build the South Korean conglomerate’s lead in next-generation technologies.</p>\n<p>Samsung Electronics Co.&nbsp;and affiliates like&nbsp;Samsung Biologics&nbsp;aim to lead research and spending in areas from telecommunications and robotics to corporate acquisitions. 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The billionaire had served six of the 18 months he had been expected to spend behind bars during his second stint, on top of the year he was incarcerated before his initial release in 2018.</p>\n<p>In the months after his imprisonment, a supply crunch in the global semiconductor industry and Samsung’s role in facilitating a Covid-19 vaccine deal with the U.S. fanned calls from business leaders and politicians to free Lee. 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Lee wins freedom\n\nEmployees walk in front of the Samsung Electronics Co. semiconductor ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-24/samsung-to-create-10-000-jobs-in-205-billion-three-year-spree?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SSNLF":"三星电子","SMSD.UK":"三星电子"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-24/samsung-to-create-10-000-jobs-in-205-billion-three-year-spree?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150911973","content_text":"Samsung Electronics and Biologics will lead spending plans\nSamsung outlines expansion days after Jay Y. Lee wins freedom\n\nEmployees walk in front of the Samsung Electronics Co. semiconductor manufacturing plant in Pyeongtaek, Gyeonggi Province, South Korea. Photographer: Jean Chung/Bloomberg\nSamsung Group has unveiled a 240 trillion won ($205 billion) expansion that will entail hiring 40,000 people over three years, a sprawling investment blueprint intended to build the South Korean conglomerate’s lead in next-generation technologies.\nSamsung Electronics Co. and affiliates like Samsung Biologics aim to lead research and spending in areas from telecommunications and robotics to corporate acquisitions. The country’s largest conglomerate is setting aside 180 trillion won for its home country alone and now aims to hire another 10,000 people over the period, on top of 30,000 new jobs already planned, the group said in a statement. Samsung Electronics’ shares finished Tuesday 3.1% higher.\nThe envisioned spending includes expenditures outlined previously, such as Samsung Electronics’ long-term goal of investing $151 billion through 2030 to delve deeper into advanced chipmaking. But the announcement comes days after Samsung scion Jay Y. Lee walked out of jail. The conglomerate’s de facto leader, who was serving a sentence on graft charges, won release on parole just months ahead of South Korea’s presidential election.\nLee, 53, was sent back to jail for a second time in January, after he was convicted of using bribery to win support for his formal succession at the conglomerate. The billionaire had served six of the 18 months he had been expected to spend behind bars during his second stint, on top of the year he was incarcerated before his initial release in 2018.\nIn the months after his imprisonment, a supply crunch in the global semiconductor industry and Samsung’s role in facilitating a Covid-19 vaccine deal with the U.S. fanned calls from business leaders and politicians to free Lee. 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